Company Pogba purchased a machine for £100 000 on 1 September 2015. The machine had a useful life of five years and is being depreciated on the straight line basis.
The machine was revalued on 1 April 2017 to £110 000. There was no change in useful life estimate. What will be the accumulated depreciation charge for this machine for the year ended 31 December 2017?
A £24 146
B £31 429
C £46 667
D £61 667